B. Riley to Sell Portion of Wealth-Management Unit to Stifel

Nov 1, 2024 · (Bloomberg) -- B. Riley Financial Inc. agreed to sell a portion of its wealth-management business to Stifel Financial Corp. for as much as $35 million in cash, the latest in …

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B. Riley To Sell Portion Of Wealth-Management Unit To Stifel

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Nov 1, 2024 · (Bloomberg) -- B. Riley Financial Inc. agreed to sell a portion of its wealth-management business to Stifel Financial Corp. for as much as $35 million in cash, the latest in …

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B. Riley To Sell Part Of Wealth Management Business To Stifel

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Nov 1, 2024 · Investment bank B. Riley Financial said on Friday it had agreed to sell a portion its traditional wealth management business to Stifel in a deal expected to fetch between $27 …

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Stifel Strikes Deal For B. Riley’s Employee Brokerage Unit

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Nov 1, 2024 · B. Riley Financial Inc. agreed to sell a portion of its wealth-management business to Stifel Financial Corp. for as much as $35 million, the latest in a series of asset deals aimed at …

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Seeking To Raise Cash, B. Riley To Sell Part Of Wealth Business To ...

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B. Riley Financial is selling a portion of its wealth management business to Stifel Financial for as much as $35 million as the troubled financial-services company continues to try to ease its ...

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B. Riley Sells Part Of Wealth Unit To Stifel Amid Broker Exits

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B. Riley Financial To Sell Wealth-Management Assets To Stifel …

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Nov 5, 2024 · B. Riley Financial Inc. announced it will sell part of its wealth-management business to Stifel Financial Corp. for up to $35 million in cash, aiming to reduce its debt load. According …

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Stifel Financial In Talks To Buy B. Riley's Wealth Management Unit ...

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Sep 20, 2024 · Embattled investment bank B. Riley Financial is in talks to sell its wealth management business to Stifel Financial for more than $100 million, a source familiar with the …

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B. Riley To Sell Portion Of Wealth-management Unit To Stifel - MSN

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B. Riley Financial (NASDAQ:RILY) is selling a portion of its traditional (W-2) Wealth Management business to Stifel Financial (NYSE:SF) for estimated net consideration of $27M to $35M in …

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B. Riley Financial Sells Wealth Unit To Stifel For Up To $35 Million

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Nov 1, 2024 · LOS ANGELES - B. Riley Financial, Inc. (NASDAQ: RILY), a diversified financial services company, has agreed to sell a segment of its wealth management business to Stifel …

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Stifel Slows Advisor Growth Even As Wealth Revenue Hits Record

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1 day ago · That compared to 171 financial advisors in 2023, with trailing 12-month production of about $69 million. Related: B. Riley to Sell Portion of Wealth-Management Unit to Stifel

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Stifel Reports Fourth Quarter And Full Year Results

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2 days ago · Global Wealth Management Fourth Quarter Results Global Wealth Management reported record net revenues of $865.2 million for the three months ended December 31, 2024 …

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FAQs about B. Riley to Sell Portion of Wealth-Management Unit to Stifel Coupon?

Will Riley Financial sell its wealth management business to Stifel?

Nov 1 (Reuters) - Investment bank B. Riley Financial (RILY.O) said on Friday it had agreed to sell a portion its traditional wealth management business to Stifel (SF.N) in a deal expected to fetch between $27 million and $35 million in cash. ...

Is Riley Financial selling a portion of its W2 wealth management business?

B. Riley Financial (NASDAQ:RILY) is selling a portion of its traditional (W-2) Wealth Management business to Stifel Financial (NYSE:SF) for estimated net consideration of $27M to $35M in cash, as the company continues to refocus on its core middle market financial services business. ...

Will Stifel Financial acquire wealth management business?

Stifel Financial Corp. SF is in discussion with B. Riley Financial to acquire its wealth management business for more than $100 million. This was reported by Reuters, citing a source familiar with the matter. The discussions arise as B. Riley seeks to raise capital following a second-quarter loss warning. ...

Who owns B Riley Financial?

"B. Riley Financial to divest part of wealth management business to Stifel" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. ...

How has the past year impacted B Riley Financial?

Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "The past year has proved disruptive to our Wealth Management business, with competitors taking advantage of the noise surrounding our principal investments business. ...

Did B Riley Financial sell Great American group to Oaktree Capital Management?

Last month, B. Riley Financial agreed to offload Great American Group, which provides asset valuation services, to Oaktree Capital Management. "B. Riley Financial to divest part of wealth management business to Stifel" was originally created and published by Private Banker International, a GlobalData owned brand. ...